$2,400,000

Estimated payment $14,942/month

Total Views 3,204
14 Beds
6 Baths
10,668 Sq Ft
$225 Price per Sq Ft

Highlights

  • Golf Course Community
  • 0.33 Acre Lot
  • Corner Lot
  • Medical Services
  • Property is near public transit and schools
  • Jogging Path

About This Home

MASSIVE CORNER LOT PACKAGE SALE in Downtown Worcester! Two adjoining corner parcels. 14,200+ SF of land. Offered at just $169 per SF of land. Underwritten at a POWERFUL 11.5% PRO FORMA CAP RATE ACROSS BOTH LOTS. 703–711 Main St is extensively renovated. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and a beloved neighborhood 14-chair barbershop producing $117,600 with clear upside.The entire second floor was COMPLETELY GUT RENOVATED IN 2025. 14 giant bedrooms. 3 kitchens. 3 full baths. 100% new HVAC, plumbing, and electrical. Approved rooming house license in place! Projected residential income of $184,800 annually. This is true income-producing urban infill in the heart of downtown Worcester. Immediate yield. Efficient basis. Long-term redevelopment and density upside. Assets like this almost never come to market. Move quickly.

Listing Agent

Benjamin Hicks

Bridgemont Realty LLC Listed on: 12/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,459

Year Built

  • Built in 1920

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 10,668 Sq Ft Home
  • Property has 2 Levels
  • Basement

Bedrooms and Bathrooms

  • 14 Bedrooms

Parking

  • 25 Car Parking Spaces
  • Paved Parking
  • 25 Open Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number M:03 B:008 L:00002,1763810

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Additional Features

  • 5 Units
  • Net Operating Income $15,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,459

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - Rooming House
  • Year Built: 1920
  • Levels: 2
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 14
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bathrooms: 6
  • Above Grade Finished Sq Ft: 10668
  • Living Area: 10668
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN7238

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 25
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 25

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:03 B:008 L:00002,1763810
  • Zoning: BG-3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14200
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 26459

Multi Family

  • Net Operating Income: 15840
  • Number Of Units Total: 5
  • Total Actual Rent: 25200
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $1,092,000 $309,800 $782,200
2024 -- $904,000 $309,800 $594,200
2023 $0 $945,100 $269,300 $675,800
2022 $0 $788,900 $269,300 $519,600
2021 $0 $605,300 $147,800 $457,500
2020 $0 $605,300 $136,900 $468,400
2019 $0 $569,100 $129,400 $439,700
2018 $0 $572,700 $129,400 $443,300
2017 $0 $572,700 $129,400 $443,300
2016 -- $537,200 $95,000 $442,200
2015 -- $537,200 $95,000 $442,200
2014 $11,633 $537,200 $95,000 $442,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 For Sale $2,400,000 -- $225 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Not Resolvable $282,200 --
Foreclosure Deed $315,000 --
Deed -- --
Deed $450,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $298,350 Commercial
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73463464

MLS Property Information Network (MLS PIN)

APN: WORC-000003-000008-000002